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Uber and Toyota team up to push a ride-sharing platform to market

Uber and Toyota Motor Corporation recently announce they have entered into a partnership with the goal of pushing for and bringing a self-driving ride-share mobility platform to market. To meet this goal both companies will contribute their own technologies into a Toyota made car that will be utilized on Uber's ride-sharing network.

Separately, Toyota is investing $500 million in Uber.

“Combining efforts with Uber, one of the predominant global ride-sharing and automated driving R&D companies, could further advance future mobility,” said Shigeki Tomoyama, executive vice president, TMC, and president, Toyota Connected Company. “This agreement and investment marks an important milestone in our transformation to a mobility company as we help provide a path for safe and secure expansion of mobility services like ride-sharing that includes Toyota vehicles and technologies.”

As Uber and Toyota look ahead to a self-driving future, this partnership will be critical in realizing self-driving technology at scale. Uber and Toyota anticipate that the mass-produced autonomous vehicles will be owned and operated by mutually agreed upon third party autonomous fleet operators.